The Hourly View for DE
At the time of this writing, DE (Get Ratings)’s price is up $4.78 (1.36%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
DE’s Technical Outlook on the Daily Chart
Currently, DE’s price is up $4.14 (1.17%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Deere & Co’s price action over the past 90 days can be seen via the chart below.
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The post Deere & Co (DE): Price Now Near $356.83; Daily Chart Shows An Uptrend on 20 Day Basis appeared first on ETF Daily News.
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